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Xoom (Nasdaq: XOOM)

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April 21, 2014 – Comments (2)

I think there may be something to this business after all:

https://www.dropbox.com/s/axzi03w6so2nauo/Xoom%20Deck.pptx

Earnings are out tomorrow after the market closes. Be worth watching.

Foolish best,

Jason 

2 Comments – Post Your Own

#1) On April 23, 2014 at 12:59 AM, Lordrobot (92.49) wrote:

Walmart is moving into this space; I would avoid it. Walmart Bank has always been on the back burner for Wallyworld.

XOOM forward guidance was wretched yet the stock was way up in after hours. I am not a taker. 

 

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#2) On April 23, 2014 at 3:46 PM, TMFJMo (68.94) wrote:

WalMart isn't moving into this space. WalMart is focused on money transfer within its physical store locations and it's focused on that target demographic. WalMart doesn't possess the tech infrastructure or risk management to even come close to what Xoom does. That's why WalMart partnered with Xoom 2.5 years ago. That partnership is now over because the results were immaterial for Xoom. Because it's not Xoom's target market. That's why when WalMart made that announcement yesterday for their new money transfer service MoneyGram got hammered. Not Xoom.

As far as forward guidance I'm not sure what wasn't to like as they in fact raised guidance. And the market seems to like it today.

Totally get if you don't like the investment. But don't make WalMart the reason why. 

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